Lake Huron Credit Union


Overview / Commentary
989-752-5214
1540 Tittabawassee Rd
Saginaw, MI 48604

Lake Huron Credit Union is headquartered in Saginaw and is the 132nd largest credit union in the state of Michigan. It is also the 2,174th largest credit union in the nation. It was established in 1959 and as of June of 2022, it had grown to 18 employees and 7,096 members at 2 locations. Lake Huron Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in Bay, Saginaw or Midland Counties. Membership is also open to members of Teamsters local 486, employees of trucking companies, automobile dealerships, repair garages, and parts distributors, those who have a State of Michigan drivers license type C (Chauffeur) with CDL type A, B or C and live in the counties listed, anyone age 55 or over who received retirement payments and live in the listed counties or are part of a retirement organization in the listed counties.
See current membership details

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Health
B+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Lake Huron Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #61638
Year Chartered1959
Employees18
Primary Regulator
Profit Margin
Return on Assets - YTD0.92%
Return on Equity - YTD8.41%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$72.1MM$67.6MM
LoansQ2 2022vs Q2 2021$48.2MM$43.5MM
DepositsQ2 2022vs Q2 2021$60.4MM$59.3MM
Equity CapitalQ2 2022vs Q2 2021$7.9MM$7.3MM
Loan Loss AllowanceQ2 2022vs Q2 2021$177.00K$463.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$323.00K$316.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates

Rates for Lake Huron Credit Union are currently being reviewed.

Locations


Lake Huron Credit Union Locations
Branch Office5685 Shattuck RdSaginaw, MI 48603
Branch Office1540 Tittabawassee RdSaginaw, MI 48604-9445

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